Overview

Home alone: Expected increases in rental vacancy and homeownership rates will cause industry revenue to decelerate

IBISWorld’s industry research report on Apartment Rental in Texas can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Increases in the rental vacancy rate and homeownership rate are expected to slow industry growth
  • More consumers are opting to rent apartments rather than purchase homes or property
  • With excess supply at the higher end of the market, growth in rental rates will slow

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    Industry Analysis & Industry Trends

    Over the five years to 2017, the Apartment Rental industry in Texas is set to experience moderate growth. Industry growth has been primarily buoyed by simultaneous declines in the homeownership rate in Texas and the rental vacancy rate. Over the five years to 2022, industry revenue is expected to continue growing but at a severely decelerated rate. This slowdown is anticipated to be caused by expected increases in the rental vacancy rate and the homeownership rate. With increased external competition from the housing market and an increased supply of vacant luxury units, industry operators will likely be forced to charge lower rents to fill vacant units, slowing the industry's growth...

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    Industry Report - Starting a New Business Chapter

    Overall barriers to entry for this industry are moderate. It is extremely difficult to enter the market on a large scale due to capital and financing costs. However, small operators can come in at a relatively low cost. Locations and regulation are also important factors to consider before entering the market.

    The Apartment Rental industry in Texas is highly capital intensive, especially for larger players and property owners that must raise money to purchase property, develop land and run operations. Access to capital markets is often restricted based on the size, diversification and track record of the real estate owner. The..

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    Additional Insights for the Apartment Rental in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Apartment Rental in Texas Industry are

  • Financial structure of the company
  • Management of a high-quality assets portfolio
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Rental vacancy rates and Homeownership rate in Texas in the Apartment Rental in Texas industry impact industry performance..

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    Industry Products

    What is the Apartment Rental in Texas Industry?

    Operators in this industry act as lessors of buildings used as residences or dwellings. Industry participants are owners of residential buildings and establishments that rent real estate and act as lessors by subleasing it to others. In addition to apartment rentals, the industry also includes single-family homes, town houses, cooperatives and condominiums.

    Industry Products
    Single unit buildings (attached and detached)
    Buildings with two to four units
    Buildings with five to nine units
    Buildings with 10 to 19 units
    Buildings with 20 to 49 units
    Buildings with 50 or more units
    Manufactured and mobile homes
    Cooperatives and condominiums
    Industry Activities
    Renting or leasing single-unit buildings
    Renting or leasing multi-unit buildings
    Renting or leasing manufactured and mobile homes
    Renting or leasing cooperatives and condominiums
    Renting or leasing other residential buildings

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Rental vacancy rates
  • Homeownership rate in Texas
  • Number of adults aged 20 to 64 in Texas
  • Median household income in Texas

  • Current Performance
  • Dynamics of demand
  • The missing middle
  • Demographics of demand
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Economy provides stimulus
  • Favorable demographics
  • Supply and competition from housing
  • Table: Apartment Rental in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Apartment Rental in Texas Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Retirement & Pension Plans

  • Key Selling Industries
  • Construction
  • Finance and Insurance
  • Landscaping Services
  • Property Management
  • Real Estate Sales & Brokerage
  • Utilities

  • Products & Services
  • Single unit buildings (attached and detached)
  • Buildings with 10 to 19 units
  • Buildings with 20 to 49 units
  • Buildings with five to nine units
  • Buildings with two to four units
  • Buildings with 50 or more units
  • Cooperatives and condominiums
  • Manufactured and mobile homes
  • Chart: Apartment Rental in Texas Industry Products and Services Segmentation

  • Major Markets
  • One-person households
  • Two-person households
  • Households of four or more people
  • Three-person households
  • Chart: Major Market Segmentation for the Apartment Rental in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Wages
  • Purchases and marketing
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Apartment Rental in Texas

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Apartment Rental in Texas Industry

  • Major Companies
    Better Homes and Gardens Real Estate LLCEbby Halliday Properties Inc.Briggs Freeman Sotheby’s International RealtyKuper Sotheby’s International RealtyRealty Austin
  • Table: Better Homes and Gardens Real Estate LLC - financial performance
  • Table: Ebby Halliday Properties Inc. - financial performance
  • Table: Briggs Freeman Sotheby’s International Realty - financial performance
  • Table: Kuper Sotheby’s International Realty - financial performance
  • Table: Realty Austin - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Apartment Rental in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Apartment Rental in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Rental Vacancy Rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Dwelling
  • Another name for an apartment or home.
  • Funds From Operations
  • Funds used to define cash flow from operations for REITs that are calculated by adding depreciation and amortization expenses to earnings.
  • Leadership In Energy And Environment Design (Leed)
  • An eco-oriented building certificate program established under the US Green Building Council. LEED-certified buildings are energy efficient and green certified.
  • Occupancy Rate
  • The amount of occupied real estate space as a percentage of total available space.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify as an REIT, the entity must distribute at least 90.0% of taxable income.
  • Rental Agreements
  • An agreement with no set period of occupancy in which landlords and tenants are free to make changes to the contract at the end of each 30-day period.
  • Vacancy Rate
  • The amount of unoccupied real estate space as a percentage of total available space.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Apartment Rental in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Apartment Rental in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Apartment Rental in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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